Financial Repercussions of War Discussed by BRANDON THURNER Internal
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Fiat LuxApril 15, 2003 The Student Newspaper of Alfred University Financial repercussions of war discussed BY BRANDON THURNER internal. The United States’ stock market surged by a cumu- to Turkey, bring up uncertainties of political science, also believes MANAGING EDITOR trade deficit, which is chronically lative 81 percent. During the about the future, he said. the war in Iraq will have pro- large, will expand even more if Vietnam War, a stock rally “How much more is it going to found effects on trading pat- With the uncertainty that war the subsequent energy bill is brought the Dow Jones over the cost us economically when we terns. He added that the collapse brings, it is important to under- high. The dollar is expected to 1000-point threshold for the first need allies for our next cam- of the Soviet Union in 1991 gave stand the effects conflict has on decline in value over time time in 1966, and the end of the paign,” questioned Belisle. the impetus for worldwide eco- the international markets and through the Euro and other first Gulf War spawned a decade- The rising costs and payoffs to nomic integration and expansion. currencies. major currencies, he added. long boom in the stock market, in allies will continue to escalate “Expanding free trade “Before the war, the whole Despite this gloomy economic which 30 to 35 percent gains the bill for the United States in requires that our trading part- economy was trying to pull out of news, Robana believes every were not uncommon, said subsequent military campaigns, ners believe that the benefits of a recession,” said Professor of war brings about new opportuni- Robana. said Belisle. The increased mone- trade are worth the trouble of Finance Abderrahman Robana. ties. John Belisle, a sophomore tary demands from U.S. allies resisting domestic political pres- “Some indicators such as low “If the conflict is swift and suc- political science major, believes will only hurt our economy as a sures from inefficient produc- interest rates and inflation point- ceeds in stabilizing world oil the war in Iraq will have a whole, he added. SEE FINANCIAL, PAGE 4 ed in the right direction. But war prices, then worldwide economic remarkable effect on trade in Thomas Rasmussen, professor brings a distortion in the alloca- growth would be accelerated,” two ways. tion of resources.” said Robana. “First off, by acting in a man- Outstanding Senior Award Conflicts bring about an The subsequent rebuilding of ner which has inflamed some of increased expenditure on Iraq’s infrastructure after the our oldest allies, like France and defense systems and the mili- war will grow Iraq’s economy Germany, we are going to make tary, explained Robana. The and possibly spread to other it more difficult for us to deal longer the conflict, the longer the nations in the region, said with the developing areas in distortion, he added. Robana. Africa, which still have strong Robana believes that the Despite this growth outlook, economic ties to Europe,” he European Union and Japan, Robana cautioned that infra- said. which has the second largest structure projects do not imme- Belisle believes a more devas- economy after the U.S., will play diately bring profits and will tating effect this war will have a major role in the world market take time to settle. on the global economy and trade after the conflict subsides. History is also on the side of will come with future military Concerns about the dollar world financial markets, espe- campaigns. The billions of dollars have also arisen and Robana cially that of the U.S. Three in economic loans and trade feels the threats to the dollar are years after Pearl Harbor, the promises from the United States Jenkins to speak at graduation BY SHEREE N. JOHNSON them to emulate,” said AU President Charles STAFF WRITER Edmondson. The process that led to Jenkins’ selection has been When the procession of students, faculty and alumni altered from past years, now including a contribution makes its way through the McLane Center during of ideas from Student Senate and having random stu- the 2003 Commencement, former AU grad Peter dents come into the Provost’s office to state who they Jenkins, class of ’73, will be among them once again. might want as a commencement speaker. Jenkins will be giving the commencement address “Successful alums are a great pool to choose from,” PHOTO BY HEATHER MUCKLEY during the graduation ceremony this year. stated Szczerbacki. Nathanael Lawton was announced as one of the 2003 Outstanding The president of Alfred University, the board of Though most seniors do not know who Jenkins is, Seniors at Honors Convocation Friday. Emily Tucker was the other. trustees and the campus community decided to bring they are pleased to have a speaker. But when stu- aboard Jenkins to speak at graduation, said Alfred dents found out that Syracuse University was going University Provost David Szczerbacki. to have former president Bill Clinton at their com- Marvin Bell, a renowned poet and educator, mencement and Sen. Hillary Rodham Clinton would New Direct Connect addressed the Class of 2002 during the University’s be attending SUNY Cortland’s commencement, they 166th Commencement and Dr. Russell W. Bessette, were a little disappointed. executive director of the New York State Office of As Christopher Wingate, a communication studies network raises concern Science, Technology and Academic Research NYS- student, pointed out, “Alfred just doesn’t have the TAR, delivered AU’s commencement exercises for money for expensive speakers like that.” BY BILL KRAMER Arolana Meissner, associate the Class of 2001. Since Jenkins writes travelogues and is one of the WEB MANAGER vice president for Information “When we select commencement speakers, we try top travel writers in the country, Szczerbacki promis- Services and director of to choose someone who can inspire our new graduates es that he will deliver a good speech to the graduating The Internet file sharing contro- Information Technology and whose achievements are something we would like class of 2003. ❍ versy has hit Alfred University Services, issued a warning to the in the form of Direct Connect, a student population about possi- New Artwork file-sharing network similar to ble lawsuits by the Recording the now-defunct Napster. Industry Association of America A student, who wished to be (RIAA) for copyright infringe- referred to only as the “con- ment. troller of AU Direct Connect,” Meissner cited a suit currently claimed to have started the in progress against students at “mini-Napster” network. several other universities, say- “We have been isolated from ing, “the lawsuit accuses the stu- any type of file sharing program dents of running ‘mini-Napster’ due to the packeteer [limitations] networks and asks damages of on the network, and this allowed $150,000 each for each of the just the Alfred University com- dozens of titles listed in the com- munity to access and share files SEE FILE SHARING, PAGE 4 quickly and easily,” said the con- troller of AU Direct Connect. Index Packeteer refers to a system on campus that limits bandwidth Issue # 12 Volume # 96 for certain Internet activities, A & E such as participating in peer-to- . 6, 8, 9, 10 peer file sharing networks. Features . 5, 7 The controller added that the News . 3, 4, 5 number of AU Direct Connect Op/Ed . 2, 3 users is on the rise. Sports . 10, 11, 12 “Our user base is growing. We PHOTO BY BILL KRAMER had over 50 people and over 800 Check out who was nominated for this year’s Sophomore Jordan Baker-Caldwell created this hard-shelled fellow who is standing outside of Scholes Library. GB shared,” said the controller. Alfie Awards . p. 10 April 15, 2003 Editorial / Opinions — Page 2 Fiat Lux COLUMN Fiat Lux Intramural team lacks fairness BY ALISON SAVETT were those of the Saxons, and the there are not allowed to be more Locals should speak COPY EDITOR team seemed to know each oth- than two players of that sport’s ers’ game inside out. varsity per team? This seems When I signed up to One of the referees also seemed incredibly unjust and led to an play intramural bas- to know them. Why? Because he unfair intramural season. at Commencement ketball I knew I was was Doug Baker, AU’s starting These guys on the varsity team going to have another point guard on the varsity team play together for more than half Unlike colleges and universities around the country with deeper chance at playing for the past two years; he played of the school year, learn offensive pockets that choose to shell out big bucks to bring celebrities to competitive ball, with with these guys all season. We and defensive plays together, campus, in keeping with its longstanding tradition, Alfred is bring- more emphasis on the fun aspect decided collectively that his calls sweat together, eat together and ing a speaker of local note to address the class of 2003 at of the game. seemed jaded against us, not live together. If they know each Commencement. My team consisted of eight because we were us, but because other so well, and know each oth- This time of year, news stories will begin to appear about well- players including myself, all of we weren’t his teammates. ers’ basketball abilities so well, known names that will be delivering commencement addresses at whom were also looking forward My teammates and I started to how can keeping them on one well-known schools. to this intramural season, telling get upset, as we all realized that intramural team be fair in the Celebrities, though fun to look at, are not known for their speak- each other that we’d go all the in the other intramural sports, least to their opponents? ing talents.